JumpStock platform reduces waste and generates savings that can be redirected to improve care delivery
(Austin – June 26, 2018) Jump Technologies, a leading provider of supply chain solutions for hospitals and health care systems, announced today its endorsement by the Texas Hospital Association as a partner to help Texas hospitals save money and enhance patient care. The Jump Technologies platform helps hospitals improve utilization of supplies and bridge any gaps in systems from delivery to the point of patient care.
Supply chain management is an area that, if improved, could drive significant financial value for independent hospitals and health systems year over year. According several studies, the U.S. health care system loses billions annually in supplies and equipment due to inefficient inventory management, inability to track supplies to patient billing, and expired materials.
JumpStock from Jump Technologies is a secure, cloud-based platform that allows hospitals to track and manage inventory from the loading dock to the patient. The JumpStock solution reduces stock outs, inventory hoarding, and product expiration – all of which contribute to lost revenue and unnecessary spending.
“Jump Technologies offers our member hospitals an updated and improved approach to supply chain management – one that solves many of the current pain points like siloed information or difficulty coordinating between systems,” said Ted Shaw, THA president/CEO. “Jump Technologies is an exciting addition to our list of endorsed partners, and I’m confident they will help Texas hospitals generate improvements that reach far beyond the supply room.”
By reducing waste and capturing billing that is often not adequately tracked, JumpStock allows hospitals to free up money that can be redirected to areas that directly impact patient care and satisfaction.
“Taking control of inventory management doesn’t have to be complicated, but some hospitals continue to rely on outdated processes or enterprise resource planning systems that are not designed to track supplies and integrate with billing systems,” said John Freund, co-founder and CEO of Jump Technologies. “We are excited and proud to be endorsed by the Texas Hospital Association and to bring JumpStock to hospitals and health systems across the Texas.”
The cloud-based, mobile format of JumpStock complements a hospital’s existing ERP/EMR system and makes it easy to implement seamlessly into existing workflows in high-use, high-cost areas, such as operating and procedure rooms. Automated re-ordering processes allow hospitals to confidently reduce their levels of on-hand inventory while accurately tracking supplies from the time they arrive at the loading dock to the moment they reach a patient.